dbt Labs, an analytics engineering startup, has raised $222 million in Series D financing at a $4.2 billion valuation. The round was led by existing investor, Altimeter, with participation from existing investors Amplify Partners, Andreessen Horowitz, and Sequoia.

New investors participating in the Series D include Coatue, Tiger Global, ICONIQ Growth, GV, and GIC. Three strategic investors representing leaders in the shift to the cloud- Databricks, Salesforce Ventures, and Snowflake - also participated.